Feerum (WAR:FEE) Cyclically Adjusted PB Ratio: 1.05 (As of Jul. 24, 2026) — 123% Above Median

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WAR:FEE Feerum SA WAR:FEE
72 GF Score
Price zł16.95
GF Value zł15.91
Valuation Fairly Valued
! 5 Warning Signs
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What is Feerum Cyclically Adjusted PB Ratio?

Feerum WAR:FEE 72 Cyclically Adjusted PB Ratio is 1.05 as of Jul. 24, 2026, which is 123% above its 10-year median of 0.47. GuruFocus rates WAR:FEE with a GF Score™ of 72/100 and a GF Value™ of zł15.91 (Fairly Valued). The stock has 5 warning signs investors should review. Among 166 Farm & Heavy Construction Machinery companies, Feerum ranks better than 67.47% on this metric.

As of today (2026-07-24), Feerum's current share price is zł16.95. Feerum's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł16.17. Feerum's Cyclically Adjusted PB Ratio for today is 1.05.

The historical rank and industry rank for Feerum's Cyclically Adjusted PB Ratio or its related term are showing as below:

WAR:FEE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.47   Max: 1.1
Current: 1.05

During the past years, Feerum's highest Cyclically Adjusted PB Ratio was 1.10. The lowest was 0.35. And the median was 0.47.

WAR:FEE's Cyclically Adjusted PB Ratio is ranked better than
67.47% of 166 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.64 vs WAR:FEE: 1.05

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Feerum's adjusted book value per share data for the three months ended in Mar. 2026 was zł13.527. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is zł16.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Feerum  (WAR:FEE) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Feerum Cyclically Adjusted PB Ratio Related Terms


Feerum Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Feerum's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Feerum Cyclically Adjusted PB Ratio Chart

Feerum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.38 0.37 0.53 0.76

Feerum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.72 0.85 0.76 0.77

WAR:FEE vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Feerum's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Feerum Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Feerum's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Feerum's Cyclically Adjusted PB Ratio falls into.


WAR:FEE
72GF Score
Feerum SA WAR:FEE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Feerum Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Feerum's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.95/16.17
=1.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Feerum's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Feerum's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=13.527/163.0700*163.0700
=13.527

Current CPI (Mar. 2026) = 163.0700.

Feerum Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.925 99.552 17.896
201609 10.682 99.064 17.584
201612 10.365 100.366 16.841
201703 10.579 101.018 17.077
201706 10.874 101.180 17.525
201709 11.003 101.343 17.705
201712 10.833 102.564 17.224
201803 11.052 102.564 17.572
201806 11.543 103.378 18.208
201809 11.653 103.378 18.382
201812 11.619 103.785 18.256
201903 11.768 104.274 18.404
201906 12.617 105.983 19.413
201909 13.332 105.983 20.513
201912 12.497 107.123 19.024
202003 13.826 109.076 20.670
202006 13.937 109.402 20.774
202009 14.475 109.320 21.592
202012 11.216 109.565 16.693
202103 11.376 112.658 16.467
202106 11.452 113.960 16.387
202109 11.830 115.588 16.690
202112 11.698 119.088 16.018
202203 11.717 125.031 15.282
202206 11.728 131.705 14.521
202209 11.822 135.531 14.224
202212 12.195 139.113 14.295
202303 12.300 145.950 13.743
202306 12.271 147.009 13.612
202309 12.222 146.113 13.640
202312 12.121 147.741 13.379
202403 12.131 149.044 13.273
202406 12.132 150.997 13.102
202409 12.162 153.439 12.925
202412 11.898 154.660 12.545
202503 12.034 157.021 12.498
202506 12.200 157.509 12.631
202509 12.668 158.000 13.074
202512 13.182 158.320 13.577
202603 13.527 163.070 13.527

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.05 mean?
Feerum (WAR:FEE) has a Cyclically Adjusted PB Ratio of 1.05 as of Jul. 24, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Feerum and its competitors. This is 123% above median its historical median of 0.47. Over the past decade, Feerum's Cyclically Adjusted PB Ratio has ranged from 0.35 to 1.10. According to the industry distribution chart, Feerum ranks #54 out of 166 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 32.5%.
Is Feerum's Cyclically Adjusted PB Ratio too high?
Feerum's current Cyclically Adjusted PB Ratio of 1.05 is 123% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.10. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.64. Feerum's value of 1.05 is 36% below this industry median. Based on the distribution chart, Feerum ranks #54 out of 166 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Feerum has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Feerum's Cyclically Adjusted PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Feerum ranks #54 out of 166 companies for Cyclically Adjusted PB Ratio. This puts Feerum in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.64. Feerum's value of 1.05 is 36% below this benchmark. Historically, Feerum's own Cyclically Adjusted PB Ratio has ranged from 0.35 to 1.10 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 1.64, Feerum has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.64, based on 166 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Feerum's current Cyclically Adjusted PB Ratio of 1.05 is 36% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Feerum and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Feerum's current Cyclically Adjusted PB Ratio is 1.05, which is 123% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feerum stock overvalued right now?
Based on GuruFocus' analysis, Feerum (WAR:FEE) is currently considered Fairly Valued. The stock's GF Value™ is zł15.91, compared to a current price of zł16.95 — trading 6.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 123% above median its 10-year median of 0.47 and 36% below the Farm & Heavy Construction Machinery industry median of 1.64. Feerum's overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Feerum (WAR:FEE), the current Cyclically Adjusted PB Ratio is 1.05 as of Jul. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Feerum (WAR:FEE) Overvalued in 2026?

Based on GuruFocus' analysis, Feerum stock appears to be overvalued. The current stock price of zł16.95 is trading 6.5% above its estimated GF Value™ of zł15.91. GuruFocus considers Feerum to be Fairly Valued.

Key valuation signals for WAR:FEE:

  • Cyclically Adjusted PB Ratio: 1.05 (123% above median its 10-year median of 0.47)
  • GF Value™: zł15.91 vs. price of zł16.95 (6.5% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 36% below the Farm & Heavy Construction Machinery median (#54 of 166)

No single metric tells the full story. See the WAR:FEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Feerum Business Description

Address Ulica Okrzei 6, Chojnow, POL, 59-225
Feerum SA is a producer of comprehensive grain elevators which are designed for drying and storage of plant products such as grain, oily and legume plants, corn and other. The company is a manufacturer of a wide range of dryers, cleaners, silos and flat warehouses as well as reliable grain transport systems.
72GF Score

Get the complete analysis for WAR:FEE

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł16.95
Price
zł15.91
GF Value